Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Saudi Arabia Cuts Prices For Asian Customers

Natural Gas

Natural gas gains ground as traders focus on recent changes in forecasts, which indicate that weather will get colder.

In case natural gas manages to settle above the resistance at $3.20 – $3.25, it will head towards the next resistance level, which is located in the $3.55 – $3.60 range.

WTI Oil

WTI oil rebounds as traders focus on Assad’s fall in Syria and try to evaluate the situation in the region.

From the technical point of view, WTI oil has recently made an attempt to settle below the key support at $67.00 – $67.50 but failed to develop sufficient downside momentum and rebounded above $68.50.

Brent Oil

Brent oil rebounded above the $72.00 level as Saudi Arabia cut oil prices for Asian customers. This move did not put any pressure on oil markets.

A move above the $73.00 level will push Brent oil towards the 50 MA at $74.20.

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